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A study from the Berkeley Research Group points out the high cost of California’s $20 fast food minimum wage. It caused prices to rise 14.5%… and cost 10,700 jobs. I warned about this last year:

1,300,190 Aufrufe • vor 1 Jahr •via X (Twitter)

34 Kommentare

Profilbild von John Stossel
John Stosselvor 1 Jahr

Here is  @Comm4Prosperity's  write up on the study:   

Profilbild von California Insider Show
California Insider Showvor 1 Jahr

California has the nation’s highest housing costs. Some blame a housing shortage; others, government policies. We sit down with experts to explore what’s driving costs and discuss the state-mandated Housing Development initiative and why some cities push back.

Profilbild von Hung Like a Jury
Hung Like a Juryvor 1 Jahr

If Democrats so strongly believe in the never ending increase in the minimum wage to relieve “income inequality” and promote growth, they should just raise the minimum wage to $100 per hour. Better yet, raise it to $1,000,000 per hour. And then, everyone will be rich.

Profilbild von DA
DAvor 1 Jahr

A lot of politicians are the dumbest people in the nation

Profilbild von Will Ryan
Will Ryanvor 1 Jahr

I have to argue this with so many people.. if you just increase MONEY, but not good or services, its going to end badly...

Profilbild von Publius
Publiusvor 1 Jahr

Every single time.

Profilbild von GIXXERosg
GIXXERosgvor 1 Jahr

They got their sound bites and pats on the back, somehow don’t think they will talk about the reality of it.

Profilbild von Sandra Kathryn
Sandra Kathrynvor 1 Jahr

That’s the mentality of the “Blue no matter who” voter. They don’t know what Profit/Loss means. They just go along with the tribe. Uhg! 🤦🏽‍♀️

Profilbild von Argen_to46
Argen_to46vor 1 Jahr

feel good politics = zero awareness of game theory ♟️

Profilbild von Summer Wills
Summer Willsvor 1 Jahr

It's tough when good intentions lead to unexpected consequences. The rising costs and job losses are definitely concerning.

Profilbild von 🇺🇸Elephant In The Room🇺🇸
🇺🇸Elephant In The Room🇺🇸vor 1 Jahr

Yep, pretty simple economic there… leave it to the left to not have the comprehension of this basic principle.

Profilbild von Matt Salts
Matt Saltsvor 1 Jahr

Are you going to cover tariffs too?

Profilbild von Harry
Harryvor 1 Jahr

I have never seen Nero so proud of himself.

Profilbild von Jeffrey Tan (Gold IRA Channel)
Jeffrey Tan (Gold IRA Channel)vor 1 Jahr

It's always a challenge to balance fair wages with broader economic impacts like pricing and employment shifts. While changes like these can feel tough in the short term, they also spark important conversations about the value of work and how industries adapt. California's situation highlights how interconnected these issues are, and it's a reminder that finding sustainable solutions often takes time and collaboration.

Profilbild von Libertarian American Disabled Veteran
Libertarian American Disabled Veteranvor 1 Jahr

Yes it's great, but now you'll have a lot more part time employee without benefits. This only hurts small businesses. It's no wonder why everyone is know with few exceptions are leaving California for Texas, Tennessee, and Idaho. There are not going to be anybody left.

Profilbild von Daria Drury
Daria Druryvor 1 Jahr

Ignorance of economic reality on full display. Political theater costs jobs.

Profilbild von Publius X
Publius Xvor 1 Jahr

@DaveBondyTV this is what’s coming to Michigan. Please add this to your coverage.

Profilbild von Sionna
Sionnavor 1 Jahr

That's just shocking... never saw that coming 🤔

Profilbild von Tathagata
Tathagatavor 1 Jahr

It accomplished what their goal was. Complete success.

Profilbild von Robert Joel Akelian
Robert Joel Akelianvor 1 Jahr

Newsom is delusional…

Profilbild von Tommy McTurtleson
Tommy McTurtlesonvor 1 Jahr

Everyone knew this John. Even CA politicians. Fast food workers who are still employed now have more money to spend, but still can't afford fast food.

Profilbild von BBallMom🇺🇸
BBallMom🇺🇸vor 1 Jahr

But everyone feels good and pats themselves on the back! That’s the only thing that matters here

Profilbild von Sidy
Sidyvor 1 Jahr

"What's the point of a raise if you don't have a job anymore." Succinct answer to all this.

Profilbild von Colorado Dweller
Colorado Dwellervor 1 Jahr

The same law created a board to look at future increases. Right now they are looking at possibly raising the wage to $20.70.

Profilbild von Rob Crowe
Rob Crowevor 1 Jahr

Other than the Managers or Asst Managers, the jobs at fast food joints were always intended to be part time jobs for teenagers and students, with the occasional adult adding a 2nd job or a senior who wanted to supplement Social Security. A fry cook is not a full time job!

Profilbild von Karin Kilbreth
Karin Kilbrethvor 1 Jahr

Newscum is an idiot what did you expect

Profilbild von Jason Grenier
Jason Greniervor 1 Jahr

Thank you John and Berkeley. Now can someone please make California great again! Do I want to go visit the Big Trees, or Death Valley? P.S. if you let the big trees burn, I will never forgive you California.

Profilbild von SCOTT JACOBSEN
SCOTT JACOBSENvor 1 Jahr

And yet the Quality of work was worse, how can this be?😆

Profilbild von DBinWA
DBinWAvor 1 Jahr

Simple economics 🤷🏻‍♂️ something Democrats can’t understand 🤦‍♂️

Profilbild von Lacy
Lacyvor 1 Jahr

And nobody listened. Everyone was thinking how their pay would increase, they didn't think that it would bring the cost of meals up to a point where people cannot afford a simple burger any longer. People just didn't think.

Profilbild von M.E.
M.E.vor 1 Jahr

We really shouldn't be having people that don't understand simple economics making policy and laws for us.

Profilbild von MILES CHRISTIANVS
MILES CHRISTIANVSvor 1 Jahr

It was never about getting workers more money; it was a disguised communist tactic.

Profilbild von Bow gibbly
Bow gibblyvor 1 Jahr

These jobs are for kids learning how to work. An adult, other than the manager shouldn't be working these low skilled jobs. 3 dollar meal is now 12 because of it.

Profilbild von Aaron
Aaronvor 1 Jahr

politicians be funny wit da money

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